Here are 20 benchmarks related to one of the most important day-to-day areas hospital executives oversee — finance.
Source: Moody’s Investors Service, “U.S. Not-for-Profit Hospital 2015 Medians” report, September 2016.
The medians are based on an analysis of audited 2015 financial statements for 340 freestanding hospitals, single-state health systems and multi-state health systems, representing 81 percent of all Moody’s rated healthcare entities. Children’s hospitals, hospitals for which five years of data are not available and certain specialty hospitals were not eligible for inclusion in the medians.
Key finance statistics
Source: Moody’s Investors Service, “Preliminary U.S. Not-for-Profit and Public Hospital 2014 Medians: Growth in Hospital Revenue Edges Ahead of Expenses in 2014,” May 2015.
Note: The preliminary medians are based on FY 2014 audited financial statements representing 48 percent of Moody’s rated portfolio. These medians primarily reflect audit year ends of Sept. 30, 2014 and prior.
Changes in payment trends brought about by the Affordable Care Act, technology expenditures related to electronic health records, and fluctuations in cash flow from higher deductibles and patient copays have all impacted the need for readily available cash.